IVI Checkmate Unveils Comprehensive Signature Capture, Receipt Management
andChargeback Control Solution e(N)-Signia will reduce retail chargeback losses
andthe storage and retrieval costs of credit receipts, check images and otherretail
store documents
Thu Mar 09 07:00:00 EST 2000
ATLANTA, GA, and TORONTO, Mar 9, 2000 /CNW-PRN via COMTEX/ -- IVI Checkmate
Corp. (NASDAQ: CMIV); (TSE: IVC/IVI) today announced the release of
e(N)-Signia(TM), a comprehensive image capture and retrieval solution that
significantly reduces operating expenses associated with handling and retrieving
credit card receipts. e(N)-Signia assist retailers in reducing the expenses,
penalties and losses that result from credit card chargebacks. e(N)-Signia is
available today and is being sold through IVI Checkmate's direct salesforce and
their value-added reseller network to supermarket, department store, mass
merchandise, discount store and specialty retail chains throughout North
America.
Installed as a distinct system, or as part of an IVI Checkmate e(N)-to-e(N)
Transaction Solution, e(N)-Signia enables a retailer to quickly implement a
turnkey solution that eliminates the complexity and reduces the cost associated
with storing and retrieving credit card signatures and receipts. Retailers
electronically capture a consumer's signature at the point of service using the
e(N)-Touch 1000 touch screen/signature capture terminal or e(N)-Sign 2020
signature capture pad. The captured transaction information and electronic
signature are encrypted for secure transmission to the e(N)-Signia for storage
and later retrieval.
Designed to be flexible, customizable, robust, and secure, e(N)-Signia embodies
the latest advances in Internet access and ODBC database technology. Through a
secure and easy-to-use interface, the system provides multiple levels of
security for internal users to access credit card receipts and other documents.
The retailer, at their discretion, can permit their acquiring bank or
transaction processor to access receipts and consumer credit card signature in
response to disputed customer credit card purchases via a secure web-browser
interface. Automating the response process reduces the time and effort involved
in researching and responding to such requests and reduces chargeback losses.
Retailers are often forced to refund the full amount of the disputed charge if
unable to respond to these requests in the legally allotted time frame.
Donald J. Sieb, Executive Vice President of IVI Checkmate's e(N)-Concert
Solutions(TM) business unit, stated, "e(N)-Signia is the ideal solution for any
retailer that accepts credit cards or is looking to implement check conversion.
It is estimated that the cost of transporting credit card receipts to a central
location for storage, the cost of storage space, the administrative costs
incurred when retrieving credit card receipts, and the losses a retailer incurs
due to chargebacks cost as high as $500 per checkout counter annually. When you
add to that the expenses associated with check acceptance that can be reduced by
implementing check conversion, a retailer can earn a return on investment in a
few months by implementing e(N)-Signia."
e(N)-Signia's open systems architecture implementation provides the ability to
accommodate future payment types including check conversion. It also has the
capability to manage other documents from which imaging would benefit, including
tax-exempt certificates, contracts, rental agreements, and others.
About IVI Checkmate's e(N)-Concert Solutions
IVI Checkmate's e(N)-Concert Solutions organization has prepared a comprehensive
and versatile set of application solutions, Internet-based management services
and professional services that enable retailers to better manage the payment
process and reduce operating costs. It is part of IVI Checkmate's e(N)-to-e(N)
Transaction Solutions(TM) strategy, which enables a retailer to combine consumer
payments with targeted personalized consumer marketing programs delivered to the
point of service using innovative, intuitive, and graphical user interfaces.
e(N)-to-e(N) Transaction Solutions provides a foundation for message management
and value-added services that transcends the store reaching throughout the
retailer's entire enterprise, allowing them to seamlessly integrate new payment
types and innovative targeted consumer marketing programs with existing legacy
systems and networks.
About IVI Checkmate
IVI Checkmate is the third largest electronic transaction solutions provider in
North America. The Company designs, develops, and markets innovative payment and
value-added solutions that optimize transaction management at the point of
service in the retail, financial, travel & entertainment, healthcare, and
transportation industries. For more information on IVI Checkmate, visit its web
site at ivicheckmate.com.
This press release contains forward-looking statements subject to the
safe harbor created by the Private Securities Litigation Reform Act of
1995. Management cautions that these statements represent projections and
estimates of future performance and involve certain risks and
uncertainties. The Company's actual results could differ materially from
those anticipated in these forward-looking statements as a result of
certain factors including, without limitation, rapid and significant
technological developments that could delay the introduction of
improvements in existing products or of new products; the Company's
dependence on its limited suppliers and manufacturers of component parts
of its products; the Company's dependence on its proprietary technologies
(which may be independently developed by competitors); the Company's
dependence on a small number of large retail customers; the potential
fluctuation in financial results as a result of the Company's inability
to make sales to large customers as well as the volume and timing of
bookings received during a quarter and variations in sales mix;
competition from existing companies as well as new market entrants; the
Company's dependence on key personnel; and other factors that are
contained in documents that the Company files with the U.S. Securities
and Exchange Commission.
SOURCE IVI Checkmate Corp. |
